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$5 gas by 2012?

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Old 01-02-2011, 10:52 AM
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$5 gas by 2012?

http://money.cnn.com/2010/12/27/mark...ties/index.htm

Scary stuff.
Old 01-02-2011, 10:54 AM
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The world ends in 2012 anyway. Might as well burn all our savings on gas.
Old 01-02-2011, 12:15 PM
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around 1.5€\litre right now.
Old 01-02-2011, 12:18 PM
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If this were to come to fruition, the economic consequences will be disasterous...it will make late '08 -'09 look like a walk in the park. Not that this would even be important anymore, but you can pretty much kiss all sports cars goodbye too.
Old 01-02-2011, 12:18 PM
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and the google calculator saaaaaaaaaaays....
1.5 (Euros per liter) = 7.59334677 U.S. dollars per US gallon

That really blows dude..
Old 01-02-2011, 12:19 PM
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Wow. I am glad I don't live in Europe!
Old 01-02-2011, 12:24 PM
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Originally Posted by York
and the google calculator saaaaaaaaaaays....
1.5 (Euros per liter) = 7.59334677 U.S. dollars per US gallon

That really blows dude..
Much of that is taxes that are added on. Also, the way Europe refines oil creates a higher percentage of diesel to gasoline than in North America.
Old 01-02-2011, 12:38 PM
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Yeah, I know that in Sweden we only had 95 and 98 octane.
Old 01-02-2011, 12:52 PM
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Originally Posted by alnielsen
Much of that is taxes that are added on. Also, the way Europe refines oil creates a higher percentage of diesel to gasoline than in North America.
That's true. Our taxation is heavier but we are victims of your democracy import policies as well No offense intended, of course
Old 01-02-2011, 12:56 PM
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Originally Posted by bse50
That's true. Our taxation is heavier but we are victims of your democracy import policies as well No offense intended, of course
I don't know what you mean or where your going with that, but if it is political, we better not go there.
Old 01-02-2011, 01:00 PM
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Nope, it's absolutely not political. I think that it is, funny names aside, an economical fact.
One of the differences in gas prices is that you can actually count on a partial national production plus better taxation, we can't and must import energy from pretty much all over the world (see Russia etc).
The effects of war on gas prices and the economy are well documented, the above are the reasons why we are affected in a heavier way than you
Old 01-02-2011, 01:13 PM
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The amount of exploration and oil produced here are affected by politics. Sometimes I wonder if they are holding back, waiting for the other parts of the world to run out.
Old 01-02-2011, 01:14 PM
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Could always try to drill in the gulf again. It worked out pretty well last time
Old 01-02-2011, 01:29 PM
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Originally Posted by alnielsen
The amount of exploration and oil produced here are affected by politics. Sometimes I wonder if they are holding back, waiting for the other parts of the world to run out.
That would be fun, the world invading the usa vs the usual opposite
Old 01-02-2011, 01:30 PM
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He's talking **** about America! He's obviously a turban wearing terrorist!
Old 01-02-2011, 01:37 PM
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Rofl!
I don't think that my position is relevant but it is good to note what other people think about a subject.
You can't really be open minded if your sources come all from the same place, right? Listening to them all and picking the one you like the most is the way to go! Otherwise it's just indoctrination =)
From an economy point of view this is also rather interesting since you are the ones trying to rule the economy (and failing at that given the changed world assets), we are the ones ruled by both you and the far east!
Old 01-02-2011, 02:25 PM
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G strikes a particular note with me with a couple of his comments regarding opinions of others(outside of the US). It truly is interesting to be mixed in various cultures living overseas for many years. The rest of the world views America in a very different light than America views itself. Oddly it may be(?), I tend to see America the way foreigners do moreso than the way Americans do.

I won't expound further as it would require, at some, level political talk. And I have no desire to go there, nor get mod-slapped for it.
Old 01-02-2011, 05:03 PM
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The rest of the world thinks Americans are Bruce Willis, The Hills, Jersey Shore, etc. etc.
Old 01-02-2011, 05:25 PM
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Originally Posted by York
Yeah, I know that in Sweden we only had 95 and 98 octane.
Octane is computed differently in Europe than it is in the US.
We use an average of research octane and motor octane (AKI).
Europe just uses the research number, which is usually 5 points higher than the R+M/2 method.

That's kinda why I chuckle when a European customer gloats and asks for a "special" tune for their "superior" gasoline.
Old 01-02-2011, 05:43 PM
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I sure did not know that. I also thought that it was just more strict for emissions laws or whatever. I learned something new today, thanks.
Old 01-02-2011, 06:00 PM
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^^ More high knowledge from MM. He knows his stuff.
Old 01-02-2011, 06:03 PM
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Originally Posted by MazdaManiac
Octane is computed differently in Europe than it is in the US.
We use an average of research octane and motor octane (AKI).
Europe just uses the research number, which is usually 5 points higher than the R+M/2 method.

That's kinda why I chuckle when a European customer gloats and asks for a "special" tune for their "superior" gasoline.
The rating stuff is real but our overall fuel quality is also higher and we don't get as much ethanol hype etc as you do in some states there
Since the base refined oil is pretty much the same maybe it's just a matter of additives. What do you think?
Old 01-02-2011, 06:20 PM
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Originally Posted by bse50
The rating stuff is real but our overall fuel quality is also higher and we don't get as much ethanol hype etc as you do in some states there
Since the base refined oil is pretty much the same maybe it's just a matter of additives. What do you think?
Overall fuel quality is about the same, though the European blends have less ethanol because it is more expensive in Europe than gasoline.
Old 01-02-2011, 06:46 PM
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Ethanol FTMFW !!!!! ... SIKE !

Americans (at least tree huggers & some politicians & general populations) *think* that Ethanol is cleaner.

hoho~ I really wish the gas hits 5 bucks a gallon so I can at least stop seeing god damn woman driving those oversized Yukon XL alone.
Old 01-02-2011, 07:42 PM
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if it is too high--then stop using it.
The only thing a company reacts too is the bottom line.
I grew up "poor" by these days standards. No running water, no phone, no central heat, no a/c (and I live in the south)....if you had too you would be surprised what you could do without.
OD


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